Rakuten Investment Management Adds $5M in Philip Morris International Inc. ($PM)
Key Points
- Rakuten Investment Management changed its Philip Morris International Inc. ($PM) stake by 12.8% last quarter, boosting to 231,025 shares worth $41.76 million.
- Wall Street's consensus rating on $PM is Buy and an average price target of $193.86.
- $PM last traded around $180.77.
Rakuten Investment Management increased its position in Philip Morris International Inc. ($PM) by 12.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,025 shares of Philip Morris International Inc. after buying 26,252 shares during the quarter. Rakuten Investment Management's holdings in Philip Morris International Inc. were worth $41.76 million as of its most recent filing.
Philip Morris International Inc. ($PM) Stock
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About Philip Morris International Inc.
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.
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